Dossier
Drumheller
Coverage of Drumheller in the Nexus archive.
- Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC
American Bitcoin Corp (ABTC), a Trump-backed subsidiary of Hut 8 Corp, increased its bitcoin treasury to over 8,000 BTC, a 50% rise from 5,401 BTC at the end of 2025. The growth stems from mining operations and treasury purchases, with a 30% increase in holdings during Q1 2026. The company also executed a 1-for-15 reverse stock split and expanded mining capacity in Alberta.
- Eric Trump’s American Bitcoin rises 12% amid increase in BTC mining capacity
American Bitcoin's stock rose 12% after the company activated approximately 11,298 Bitcoin miners at its Drumheller site, signaling expanded mining capacity. The development is linked to Eric Trump's involvement in the company.